Airplanes News Updates

GovernmentBusiness

Airlines Granted More Flight Cuts as Consumer Complaints Surge

Struggling U.S. airlines will get more freedom to stop flying to some U.S. cities amid scant demand from passengers who鈥檝e filed thousands of complaints to U.S. regulators about carrier refund policies, the Transportation Department said May 12.

May 12, 2020
GovernmentBusinessSafety

Airlines Balance Fewer Flights, Travelers Seeking Social Distance

U.S. airlines are grappling with one outcome of the deep schedule cuts they鈥檝e made in response to near-zero travel demand: Many of the flights that remain are starting to fill up, complicating social distancing guidelines and angering some passengers.

May 11, 2020
Business

US Airlines Tumble After Buffett Abandons Bet on Industry

U.S. airline stocks plummeted May 4 after Warren Buffett dumped his stakes in the four biggest carriers, saying the industry鈥檚 prospects had been upended by the coronavirus pandemic.

May 4, 2020
GovernmentBusinessSafety

China鈥檚 Air Travel Rebound Stalls on Lack of Leisure Demand

A recovery in demand for flights within China is stuck at about 45% of pre-coronavirus levels as people continue to shun leisure trips after the outbreak.

April 21, 2020
BusinessLogistics

The Global Airline Shutdown Has a Surprise Victim: Gold Miners

The collapse in commercial air travel amid global coronavirus restrictions has an unexpected casualty 鈥 gold miners looking to transport their metal to refineries.

April 17, 2020
GovernmentBusiness

Airlines Plunge After United Warns of 鈥楨ssentially Zero鈥 Demand

U.S. airlines sank after United Airlines Holdings Inc. said travel demand was 鈥渆ssentially zero,鈥 with no sign of improvement in the near term.

April 16, 2020
GovernmentBusiness

Mnuchin Rebuffs Airlines, Holds Firm on Repayment for Rescue

Treasury Secretary Steven Mnuchin is not budging on strict repayment guidelines for airlines that want taxpayer aid, according to people familiar with the matter, dashing the industry鈥檚 hopes for leniency.

April 13, 2020
GovernmentBusiness

Airlines Squeezed by Delays in $29 Billion US Rescue Funds

U.S. airlines鈥 desperate bid for $29 billion in government rescue cash is being frustrated by a lengthening process and demands that companies provide more detailed financial information, people familiar with the situation said.

April 9, 2020
GovernmentBusiness

Low-Cost Airlines Seeking Aid Get Break on Minimum-Flight Rule

The federal government ordered airlines accepting financial aid to maintain minimal service levels to cities they served before the COVID-19 pandemic ravaged the transportation system, but made adjustments for low-cost carriers and those that fly to some destinations only part of the year.

April 7, 2020
BusinessSafety

Airbus Pauses Production in Alabama, Germany

Airbus SE is pausing production at two German sites and its factory in Alabama to adjust to a demand slowdown and supply issues related to the coronavirus pandemic.

April 6, 2020

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